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Sears-Kmart Death Watch

Started by Brandon, January 12, 2018, 03:55:18 PM

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How much longer do you think Sears and Kmart Have?

6 Months
20 (19%)
9 Months
11 (10.5%)
One Year
28 (26.7%)
Two Years
23 (21.9%)
Five Years
13 (12.4%)
Ten Years
1 (1%)
They'll be around forever!
9 (8.6%)

Total Members Voted: 105

SP Cook

Quote from: Brandon on January 08, 2019, 01:40:24 PM


What is this?  The execution skit from You Can't Do That On Television?

It is how bankruptcy courts in the USA work.    The law is really biased (using that word in the good context) towards keeping companies going, because that theoretically equals jobs.  Even if 99 experts say it can't work, it will listen to the one guy that says he has a plan. 



inkyatari

Eddie Lamprey has until 3 PM Central to submit a bit with $120 Million deposit.

I'm never wrong, just wildly inaccurate.

US71

Quote from: inkyatari on January 09, 2019, 12:11:13 PM
Eddie Lamprey has until 3 PM Central to submit a bit with $120 Million deposit.


How many more stores does he need to close to have the money?   < /s >
Like Alice I Try To Believe Three Impossible Things Before Breakfast

LM117

“I don’t know whether to wind my ass or scratch my watch!” - Jim Cornette

Brandon

"If you think this has a happy ending, you haven't been paying attention." - Ramsay Bolton

"Symbolic of his struggle against reality." - Reg

Brandon

"If you think this has a happy ending, you haven't been paying attention." - Ramsay Bolton

"Symbolic of his struggle against reality." - Reg

US71

As they say in opera, it's not over until the fat lady sings

Like Alice I Try To Believe Three Impossible Things Before Breakfast

LM117

“I don’t know whether to wind my ass or scratch my watch!” - Jim Cornette

US71

Like Alice I Try To Believe Three Impossible Things Before Breakfast

jp the roadgeek

Quote from: US71 on January 14, 2019, 01:26:29 PM
As they say in opera, it's not over until the fat lady sings

I think she's at the mic, her mouth is open, and she has inhaled.
Interstates I've clinched: 97, 290 (MA), 291 (CT), 291 (MA), 293, 295 (DE-NJ-PA), 295 (RI-MA), 384, 391, 395 (CT-MA), 395 (MD), 495 (DE), 610 (LA), 684, 691, 695 (MD), 695 (NY), 795 (MD)

LM117

Quote from: US71 on January 15, 2019, 10:41:07 AM
Quote from: LM117 on January 15, 2019, 09:30:05 AM
https://finance.yahoo.com/news/sears-said-extend-talks-lampert-021510196.html?bcmt=1

Extending talks? Probably what Fast Eddie wanted.  He's pretending to care while he guts the company

The kicker is that the asshole wants protection from lawsuits.
“I don’t know whether to wind my ass or scratch my watch!” - Jim Cornette

inkyatari

Quote from: LM117 on January 15, 2019, 11:01:45 AM
Quote from: US71 on January 15, 2019, 10:41:07 AM
Quote from: LM117 on January 15, 2019, 09:30:05 AM
https://finance.yahoo.com/news/sears-said-extend-talks-lampert-021510196.html?bcmt=1

Extending talks? Probably what Fast Eddie wanted.  He's pretending to care while he guts the company

The kicker is that the asshole wants protection from lawsuits.

Fast Eddie is , in essence, admitting guilt.
I'm never wrong, just wildly inaccurate.

US71

Quote from: inkyatari on January 15, 2019, 11:58:27 AM
Quote from: LM117 on January 15, 2019, 11:01:45 AM
Quote from: US71 on January 15, 2019, 10:41:07 AM
Quote from: LM117 on January 15, 2019, 09:30:05 AM
https://finance.yahoo.com/news/sears-said-extend-talks-lampert-021510196.html?bcmt=1

Extending talks? Probably what Fast Eddie wanted.  He's pretending to care while he guts the company

The kicker is that the asshole wants protection from lawsuits.

Fast Eddie is , in essence, admitting guilt.

He seems desperate to "save" the company himself.
Like Alice I Try To Believe Three Impossible Things Before Breakfast

catch22

#288
Looks like they're still talking.  Decision may be pushed off until tomorrow (Wed. 1/16) per this story.

https://www.reuters.com/article/us-sears-bankruptcy-auction/sears-chairmans-takeover-proposal-faces-moment-of-truth-idUSKCN1PA02P


txstateends

Quote from: catch22 on January 15, 2019, 08:37:24 PM
Looks like they're still talking.  Decision may be pushed off until tomorrow (Wed. 1/16) per this story.

https://www.reuters.com/article/us-sears-bankruptcy-auction/sears-chairmans-takeover-proposal-faces-moment-of-truth-idUSKCN1PA02P

....and the can gets kicked down the road a bit more?


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LM117

Quote from: catch22 on January 15, 2019, 08:37:24 PM
Looks like they're still talking.  Decision may be pushed off until tomorrow (Wed. 1/16) per this story.

https://www.reuters.com/article/us-sears-bankruptcy-auction/sears-chairmans-takeover-proposal-faces-moment-of-truth-idUSKCN1PA02P

Does anybody else find it ironic that the bankruptcy judge's last name in this case is Drain?
“I don’t know whether to wind my ass or scratch my watch!” - Jim Cornette

catch22

Speaking of kicking the can down the road, looks like there's a tentative deal, subject to review by the court.

https://www.reuters.com/article/us-sears-bankruptcy-lampert-idUSKCN1PA0SW

LM117

Quote from: catch22 on January 16, 2019, 06:10:45 AM
Speaking of kicking the can down the road, looks like there's a tentative deal, subject to review by the court.

https://www.reuters.com/article/us-sears-bankruptcy-lampert-idUSKCN1PA0SW

Of course there is. :rolleyes:
“I don’t know whether to wind my ass or scratch my watch!” - Jim Cornette

inkyatari

I'm never wrong, just wildly inaccurate.


Takumi

I went in the soon-to-be-closed Sears at Virginia Center Commons yesterday. It was almost completely empty, with just a few racks of things in two separate parts of the store. The mall itself is dying as well, though the businesses around it seem to be thriving.
Quote from: Rothman on July 15, 2021, 07:52:59 AM
Olive Garden must be stopped.  I must stop them.

Don't @ me. Seriously.

txstateends

Quote from: Takumi on January 20, 2019, 04:48:24 PM
The mall itself is dying as well, though the businesses around it seem to be thriving.

Strangely how Collin Creek Mall, in Plano, north of Dallas, is these days.  The mall is in an area where there are busy storefronts and restaurants along US 75, and near mixed-use developments that have come along since, but the mall is as sad as I've ever seen it.  Even though further-flung malls and centers have opened since Collin Creek, which many say is a big reason for its decline, I still think that uncaring/listless/lazy mall management didn't help anything there along the way.  Most of the lost or torn-down malls in north TX have ended up like that.  A new buyer has come along for Collin Creek to try to re-develop it.  It's a big hole to fill on a busy highway right near downtown.  Hope something can be done.  As for the topic, I think there may be 3 or 4 Sears left in north TX, while Kmart has been gone from the landscape for quite some time now.
\/ \/ click for a bigger image \/ \/

Takumi

There's one more Sears in the Richmond area, to my knowledge, at Chesterfield Town Center in the Midlothian/Bon Air area. It hasn't ever looked particularly busy when I've been there, but it also wasn't completely dead.
Quote from: Rothman on July 15, 2021, 07:52:59 AM
Olive Garden must be stopped.  I must stop them.

Don't @ me. Seriously.

catch22

Bankruptcy judge approves sale of Sears to ESL hedge fund:

https://www.cnn.com/2019/02/07/investing/sears-decision/index.html

I guess we need to extend the death watch a while longer.

US71

Quote from: catch22 on February 07, 2019, 04:10:10 PM
Bankruptcy judge approves sale of Sears to ESL hedge fund:

https://www.cnn.com/2019/02/07/investing/sears-decision/index.html

I guess we need to extend the death watch a while longer.


Fast Eddie hasn't ruined the company enough yet
Like Alice I Try To Believe Three Impossible Things Before Breakfast



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